Capital markets news | Fri 2 Aug 2024
Equity and property markets
- Precision component maker Northeast’s ACE Market IPO approved Edge NST Star
- M&E company West River files ACE Market IPO prospectus exposure Star
- GHL to be delisted next week after NTT takeover Edge
- Halogen’s AUM RM100m in 1 year, targets RM1b in 2 years Edge
- Raiz to cease operations, last withdrawal on 20 Sep NST
- Ekuinas eyes foray into healthcare, manufacturing Star
- AEON Credit takes up RM100m more AEON Bank shares Star
- Singapore’s Jostar, Mark Investment invest RM81m in Nova MSC Edge NST
- Ackman’s Pershing Square USA pulls IPO over investors’ concerns Star
Debt and money markets
- Kuwait Finance House placed on MARCWatch Developing MARC NST
- Malaysia’s total outstanding SRI sukuk hit RM27.3b Edge
- Climate finance key to sustainable future Edge
- SGX lists 1st 3-month SORA-linked futures Edge
- Japanese agricultural bank posts JPY413b 1Q loss due to bonds Edge
- UBS enters ESG debt swap market Star
Mergers and acquisitions
- Capital A submits EGM circular to Bursa, disposals by Dec Edge NST Star
- Ekuinas defers plan to exit Al-Ikhsan to next year Edge NST
- Pekat buys 60% of local switchgears supplier for RM96m Edge Star
- Philippines’ Ayala hires BofA for minority stake sale in AC Health Edge
- Australian regulator approves Louis Dreyfus’ Namoi Cotton takeover Edge
- Reddit acquires AI start-up Memorable, helps create better ads Edge
- Musk’s xAI looking to buy chatbot start-up Character.AI Edge
- Rio Tinto open to big copper buys, cautious of overheated market NST
Projects and business
- MN Holdings bags RM86m substation job from TNB Edge NST Star
- Mitrajaya bags RM37.91m construction job in KL Edge
- Digistar hopes payTV venture will aid in turnaround Edge
- Avillion’s auditor casts going concern doubts Star
- Exxon almost walked away from its USD1t oil discovery Edge
- Barclays announces USD960m buyback, investment banking up 10% Edge
Economy and market news
- Malaysia to present some 5G use cases by end-Sep Edge Star
- Malaysia’s air passenger traffic up 15.3% to 46.6m in 1H Mail Star
- Malaysia’s financial services up 10.6% from 2015 to 2022 Mail NST
- 6 in 10 Malaysians understand AI well NST
- Malaysian banks lack meaningful tailwinds despite Jun loan growth NST
- Slower loan growth for 2H Star
- O&G downstream players face oversupply, subsidy rationalisation NST
- China’s Caixin PMI down to 49.8, 1st in 9 months NST Star
- Hong Kong Jun retail sales fall 9.7% NST
- Asia’s hotels need support, oversight to achieve sustainability Edge
- US Fed’s Powell flags cuts as soon as Sep NST
- Bank of England to finally cut interest rate? NST Star
Legal and policies
- SC fines ex-unit trust consultant RM687,500 for fraud Edge Mail NST Star
- Customs granted leave to appeal RM28m bill of demand on HL Yamaha Edge
- High Court grants interim stay against IRB on Astro’s RM734m tax Edge
- Money services business law in force, mandatory 10 years jail Edge NST Star
- Asdion falls under GN3 status Star
- Indonesian court jails ex-Garuda chief over new graft case Edge
- After USD4b Infosys demand, India may target other IT majors Edge
- US weighs restrictions on China’s access to AI memory chips Edge
